Bitcoin (BTC) falls as traders take profits after Trump’s crypto order

Bitcoin plunged as traders booked profits just days after the president Donald Trump‘s executive order identified the digital assets industry as a critical driver of American innovation.

The native cryptocurrency fell more than 6.5% to below $98,000 on Monday morning in Europe before paring some losses. Smaller tokens tended to drop even steeper. Solana and XRP, which have rallied since Trump’s victory, fell about 11% and 14%, respectively. Second-ranked token Ether fell more than 8% at one point.